WazirX Creditors Approve Post-Hack Restructuring Plan

Over 90% of WazirX creditors have voted in favor of the platform’s post-hack restructuring plan, signaling a significant step towards recovery following a $235 million theft. The plan was approved by 93.1% of voting creditors who represent 94.6% of the platform’s value, with all eligible creditors able to vote during a period from March 19th to March 28th on Kroll Issuer Services platform. WazirX CEO Nischal Shetty emphasized that while the focus is now on asset recovery, profit sharing will also provide compensation for users.